California industry appointments update - 10/9/2007

National Mortgage Professional

Oct 08, 2007

AllRegs adds 2006 HMDA data to LendingPatternsMortgagePress.comHome Mortgage Disclosure Act data AllRegs has announced the addition of 2006 Home Mortgage Disclosure Act (HMDA) data to LendingPatterns, its HMDA data-mining and exploration tool. LendingPatterns now features HMDA data from 2004 to 2006 and contains approximately 37 million records filed by more than 8,800 U.S. lenders. Headquartered in Eagan, Minn., AllRegs publishes reference information online for the mortgage industry. For more information, call (800) 848-4904 or visit www.allregs.com.

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Oct 08, 2007

Analysis and Data

Mortgage Rates Fall For 3rd Straight Week

The 30-year mortgage dropped to 6.32%, lowest since mid-February.

Amid continued economic unrest, mortgage rates fell for the third consecutive week this week, Freddie Mac said Thursday. According to the government-sponsored enterprise’s Primary Mortgage Market Survey (PMMS), the 30-year, fixed-rate mortgage (FRM) averaged 6.32%, down 10 ...

Regulation and Compliance

Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk

CFPB director tells Consumer Bankers Association conference such a failure could lead to 'chaos.'

What happens if a nonbank lender or large mortgage servicer fails? That’s a question that recently has been keeping Consumer Financial Protection Bureau Director Rohit Chopra awake at night. "A major disruption or failure of a large mortgage servicer really gives me a night...